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You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of Item Market

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You are reviewing the records for you business and the accounting department has given you the following inventory schedule. Inventory Item Cost of Item Market Value $4,900 $5,500 B 7,350 6,200 6,700 6,700 D 4,350 4,800 E 8,700 9,500 F 9,300 9,050 When the financial statements are prepared and assuming the accounting department analyzes each item separately, the amount presented on the balance sheet in Inventory will be: B D E 1 2 3 Inventory = 4 5 6 7 8 9 10

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